Toyota finance service currency hedging gains from yen
Currency hedging gains from yen weakness may provide Toyota Finance Service an unanticipated Q3 earnings uplift. Given its significant overseas exposure in lending portfolios, FX trends are now a key driver for profit forecasts. With the constant rotation of its fleet, Hertz sells hundreds of thousands of cars annually. That makes it one of the largest used car dealers in the country. Chandler's parks, pools, museums, art galleries, hotels, resorts, golf courses, restaurants and ample shopping opportunities make this one of Arizona's great cities to live, play and work. Momentum traders are tracking Toyota Finance Service’s ADR movements, noting consistent micro-rallies following domestic lending announcements. Patterns suggest a correlation between retail loan approvals and intraday stock spikes.
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